Carbon Black (NASDAQ:CBLK) posted its earnings results on Thursday, June 7th. The company reported ($0.98) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.27) by $0.29, Briefing.com reports. The firm had revenue of $48.40 million during the quarter, compared to analyst estimates of $47.99 million. The company’s revenue was up 34.8% on a year-over-year basis. Carbon Black updated its Q2 guidance to ($0.41-0.42) EPS and its FY18 guidance to ($1.32-1.35) EPS.

Carbon Black traded up $2.68, hitting $30.90, during midday trading on Thursday, according to Marketbeat. The company had a trading volume of 1,144,900 shares, compared to its average volume of 554,289. Carbon Black has a fifty-two week low of $22.56 and a fifty-two week high of $30.99.

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Carbon Black from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Friday, June 8th. Raymond James assumed coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They issued an “outperform” rating on the stock. Cowen began coverage on shares of Carbon Black in a research note on Tuesday, May 29th. They issued an “outperform” rating and a $29.00 target price on the stock. KeyCorp began coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They issued an “overweight” rating and a $29.00 price target on the stock. Finally, William Blair began coverage on shares of Carbon Black in a research report on Tuesday, May 29th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.25.

Carbon Black Company Profile

Carbon Black, Inc provides security solutions in the United States and internationally. Its security cloud platform captures, records, and analyzes unfiltered endpoint data. The company's solutions enable customers to predict, prevent, detect, respond to and remediate cyber attacks before they cause a damaging incident or data breach.

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